Charles Schwab, a retail broker, is expanding its crypto platform. It is introducing spot trading for Solana ($SOL), Avalanche ($AVAX), and Chainlink ($LINK). Earlier, it supported only Bitcoin ($BTC) and Ethereum ($ETH). Now, the total number of supported cryptocurrencies is increased to 5. The expansion gives eligible Schwab Crypto clients access to 3 additional digital assets.

Schwab Crypto offers these 5 cryptocurrencies via its existing web, mobile, and trading platforms. The service allows users to buy and sell cryptocurrencies directly. Schwab initially introduced its crypto trading service in May 2026.

Schwab Crypto Maintains Trading Restrictions

Schwab Crypto currently charges a trading fee of 0.75% based on the dollar value of each transaction. However, access remains limited to eligible customers only. The service is currently unavailable to residents of New York and Louisiana. It is not offering crypto services outside the US.

The platform also does not yet support external deposits or withdrawals for the newly listed cryptocurrencies. This means customers can buy and sell SOL, AVAX, and LINK through Schwab but cannot transfer these assets to or from external wallets. However, the company has indicated that it will introduce transfer capabilities over time.

Charles Schwab Plans Further Crypto Listings

Schwab has described the latest additions as part of its gradual expansion. Its expansion efforts are focused on listing established digital assets that align with customer demand. The company also indicated that it intends to introduce additional cryptocurrencies and digital assets to the platform in the future.

The move reflects the growing involvement of traditional financial institutions in the cryptocurrency market. By adding direct spot trading to its brokerage services, Schwab is expanding access to digital assets. The latest listings will increase competition among financial firms to attract more retail investors.